Pre-Engineered Buildings Market to 2025, Future Outlook, COVID-19 Impact Analysis, Forecast 2019-2025
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The economic advantages of utilizing pre-engineering building systems have enabled architects to revolutionize the commercial building industry. By combining conventional wall finishes, including brick, pre-cast wall, and rock-wall panel along with roof systems; it is possible to create functional structures with significantly minimizing project costs. Mezzanine floor framing is also integrated into the design of a structure if additional floor space is required. This provides an economical way to ensure the maximum use of the building’s interior. Architects are now turning their attention towards pre-engineered building systems as an inexpensive way to supply institutional projects for cities, states, and federal purposes. These include projects such as schools and recreational facilities.
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Further, growth in non-residential construction, including education, healthcare, retail, and recreational and social infrastructure is propelling the demand for pre-engineered buildings market. Notably, in retail, pre-engineered buildings are gaining prominence owing to the durable structure it provides which architects are looking for in retail premises. Its weather and fire-resistant nature are also the fundamental factors for the increasing pre-engineered building preference in retail.
Key pre-engineered buildings market players include Astron Buildings S.A., BlueScope Steel Ltd., Cornerstone Building Brands, Everest Industries, NCI Building Systems, Nucor Building System, PEB Steel Buildings, and Zamil Steel Pre-Engineered Buildings Co. Ltd., among more. These companies are focused on innovating technologies and building a strong business portfolio to prevail in the market. In April 2019, Nucor, an American steelmaker announced its plans to construct a new state-of-the-art steel plate mill in Kentucky, US. The company’s strategy is to invest about $1.35 billion for the mill, which would have the capability to produce 1.2 million tons of steel plate products per year.
Current Market Trends Covered in the Report:
• Increasing Demand for Green Buildings
• Rapid Urbanization Translating into a Large Number of New Construction Projects
• Rapid Industrialization and Growth in Infrastructural Investment
Global Pre-Engineered Buildings Market - Segmentation
By Product Type
• Others (Concrete)
• Residential Buildings
• Commercial Buildings
• Industrial Buildings
Global Pre-Engineered Buildings Market –Region
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
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